TS&S Aerospace powering lessor-friendly Trent 700 MRO packages
Abu Dhabi's Turbine Services & Solutions Aerospace, (TS&S Aerospace), is looking to announce three or four lessor-friendly Rolls Royce Trent 700 MRO package deals by the year end.
Delivering the keynote address at the annual Airline Engineering & Maintenance Middle East conference running on Abu Dhabi’s Yas Island, Ian Taylor, Acting Vice President, Sales and Commercial, TS&S said the company is in discussions with several globally positioned leasing companies and will tailor packages for their specific needs.
On the conference sidelines, Taylor said the packages would be rolled-out “certainly by the end of the year, but hopefully within six months.”
Taylor said the packages are being created via “direct relationships” with the undisclosed lessors who are seeking an alternative to the Rolls Royce Trent 700 Total Care package. “We are talking to these lessors now about how we can support them,” he said. “We have got good conversations going but we need to start putting pen to paper now.”
The ‘bespoke’ lessor-friendly packages, said Taylor, would be all-encompassing maintenance packages based on predictive maintenance costs. They would, he said, make lessors “a significant part of our business.”
In Abu Dhabi TS&S Aerospace, part of the Mubadala investment and development group, operates one of only five of the world’s officially authorized Trent 700 workshops which, according to Taylor, stand to win a share of a US $154 billion MRO spend expected for the 800-strong engine type fleet over the next 23 years. TS&S, said Taylor, is well-placed to take a significant portion of the market with the Etihad Airways fleet providing load and experience. “We have excellent capabilities inhouse which continues to be built,” said Taylor.
The TS&S Acting Vice President said he hoped more lessors would follow the example of the several the company hopes to package up. “Leasing companies are looking to come out of Total Care and the percentage of them in the programme will drop over the next 10 years or so. We are an OEM alternative which gives full transparency on materials for clients to control their costs – an approach which has been well received.”
Taylor said the TS&S ‘bespoke’ packaging approach could prove game-changing. “We have started to change the market, we are a catalyst. We have one package with one airline already in operation and believe we can stimulate competition and unlock the asset value of the A330.”